Pakistan may be losing the sympathy of even friendly nations now as Saudi Arabia reportedly refuses to provide further loan.
Pakistan may be losing the sympathy of even friendly nations now as Saudi Arabia reportedly refuses to provide further bailouts or interest-free loans. Pak authorities are ‘shocked’ that allies are not keen on helping Islamabad come out of economic emergency. The country is in dire need of sustained U.S. dollar inflows to avoid defaulting. Islamabad is also locked in difficult bailout talks with IMF. Watch this video to find out why the cash-starved nation faces difficulty getting easy money from Riyadh.
It may be recalled that The International Monetary Fund (IMF) is looking to assess Saudi Arabia’s commitment to financing Pakistan before the multilateral lender disburses fresh funds to the country, Bloomberg reported
